Key Facts
• On September 15, Japan’s Ministry of Economy announced enhanced collaboration with the EU.
• Japan and EU industry groups signed a memorandum to boost battery recycling and workforce development.
• The initiative aims to reduce reliance on China, which dominates battery sales.
• The memorandum includes cooperation on raw material reuse and data sharing to strengthen supply chains.
• This collaboration builds on agreements from the July Japan-EU summit.
• Batteries are in high demand due to global energy transition efforts.
Summary
Japan and the European Union (EU) have joined forces to strengthen battery supply chains amid growing global demand. On September 15, Japan’s Ministry of Economy announced a memorandum signed by industry groups from both regions, focusing on battery recycling, workforce development, and raw material reuse. This partnership aims to reduce dependency on China, which currently leads in battery sales. The agreement also includes data sharing to enhance supply chain resilience. This initiative follows commitments made during the July Japan-EU summit, reflecting a shared goal of economic security and sustainable energy solutions.
